GENESIS ENERGY LP
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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FY2025 · Filed Feb 18, 2026
GEL$12.73-1.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| REVENUES: | |||
| Offshore pipeline transportation | $531,898 | $404,919 | $382,154 |
| Marine transportation | 319,498 | 321,616 | 327,464 |
| Onshore transportation and services | 779,019 | 934,299 | 1,011,705 |
| Total revenues | 1,630,415 | 1,660,834 | 1,721,323 |
| COSTS AND EXPENSES: | |||
| Offshore pipeline transportation operating costs | 145,005 | 117,207 | 96,025 |
| Marine transportation operating costs | 204,830 | 196,602 | 218,403 |
| Onshore transportation and services product costs | 451,962 | 599,925 | 637,179 |
| Onshore transportation and services operating costs | 252,017 | 269,126 | 300,921 |
| General and administrative | 86,339 | 58,329 | 64,552 |
| Depreciation and amortization | 232,072 | 206,686 | 199,116 |
| Impairment expense | — | 43,003 | — |
| Total costs and expenses | 1,372,225 | 1,490,878 | 1,516,196 |
| OPERATING INCOME | 258,190 | 169,956 | 205,127 |
| Equity in earnings of equity investees | 47,629 | 58,291 | 66,198 |
| Interest expense, net | (264,729) | (261,875) | (219,065) |
| Other expense | (9,779) | (15,367) | (4,627) |
| Income (loss) from continuing operations before income taxes | 31,311 | (48,995) | 47,633 |
| Income tax expense | (806) | (1,770) | (456) |
| NET INCOME (LOSS) FROM CONTINUING OPERATIONS | 30,505 | (50,765) | 47,177 |
| DISCONTINUED OPERATIONS (Note 4): | |||
| Income from discontinued operations, net of tax | 8,448 | 17,758 | 99,170 |
| Loss from disposal of discontinued operations | (432,193) | — | — |
| NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX | (423,745) | 17,758 | 99,170 |
| NET INCOME (LOSS) | (393,240) | (33,007) | 146,347 |
| Net income attributable to noncontrolling interests | (47,163) | (30,940) | (28,627) |
| NET INCOME (LOSS) ATTRIBUTABLE TO GENESIS ENERGY, L.P. | $(440,403) | $(63,947) | $117,720 |
| Less: Accumulated distributions and returns attributable to Class A Convertible Preferred Units | (73,006) | (87,576) | (90,725) |
| NET INCOME (LOSS) ATTRIBUTABLE TO COMMON UNITHOLDERS | $(513,409) | $(151,523) | $26,995 |
| Net loss attributable to common unitholders per common unit from continuing operations - Basic and Diluted (Note 13) | $(0.73) | $(1.38) | $(0.59) |
| Net income (loss) per common unit - Basic and Diluted (Note 13) | (4.19) | (1.24) | 0.22 |
| WEIGHTED AVERAGE OUTSTANDING COMMON UNITS: | |||
| Basic and Diluted | 122,464 | 122,464 | 122,535 |
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